Popular Michigan Discount Chain Files for Bankruptcy – Will Stores Close?
Another one of your favorite stores may be leaving Michigan forever!
It is a sad day for discount shoppers.
What Major Retailer Filed Bankruptcy?
The popular discount store, Big Lots, has officially filed for Chapter 11 bankruptcy protection.
The Columbus, Ohio-based company announced that they have already begun to shut down 295 stores. Big Lots stated that they are "optimizing our store footprint."
In a press release, Big Lots President and CEO, Bruce Thorn, shared that,
"Though the majority of our store locations are profitable, we intend to move forward with a more focused footprint to ensure that we operate efficiently and are best positioned to serve our customers. To accomplish this, we intend to use the tools afforded by this process to continue optimizing our store fleet in an orderly manner."
Roughly 250 more locations will be completely shut down no later than January 15th, 2025.
What about people who have gift cards or store credit? No worries! The retailer will be honoring all gift cards and store credit cards.
How Many Michigan 'Big Lots' Locations Are There?
With all of these major changes, will this affect Michigan locations?
As of our publication date, there are no specific location closures announced. However, as updates come, we will let you know.
However, there are 46 Big Lots locations in the state of Michigan. So, any one of these locations could be chopped next.
- Adrian
- Alpena
- Battle Creek
- Bay City
- Benton Harbor
- Big Rapids
- Burton
- Chesterfield
- Clinton Township
- Coldwater
- Dearborn
- Eastpointe
- Farmington Hills
- Flint
- Gaylord
- 2 in Grand Rapids
- Grandville
- Holland
- Howell
- Jackson
- Kentwood
- Lansing
- Lapeer
- Livonia
- Madison Heights
- Monroe
- Mount Pleasant
- Muskegon
- Niles
- Okemos
- Petoskey
- Pontiac
- Port Huron
- Portage
- Saginaw
- Sault Sainte Marie
- Shelby Township
- Southfield
- Southgate
- Sterling Heights
- Taylor
- Traverse City
- Waterford
- Westland
- Ypsilanti
Big companies that survived, and thrived, after bankruptcy
Gallery Credit: Erin Vogt
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